Headlines

August 18, 2008

Major label executive salaries shrink...

New York Post | Read Full Story >

Music industry executives have lost more than just the power to generate million-album sellers and higher CD sales – gone too are the hefty salaries the free-spending music business used to lavish on their leaders.

For example, Elio Leoni-Sceti, the chief executive of EMI Music, is said to be paid less than $1 million a year plus incentives – which pales in comparison to the $18 million Doug Morris, the CEO of Universal Music Group earned in 2005.

True, Morris has been with UMG for a long time and Universal is twice the size of EMI here in the US, but the difference in pay is still startling. The same is true for executives in all levels of the music business.

“The era of the standard promo guy making $350,000—$700,000 a year is over,” said one source familiar with the situation. “There’s not a lot of million-plus players on the label level outside of the label heads.”


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#1 RWMS says:

Indie is the new black!

Screw the labels and their corporate fat!

Long live people who actually value common sense and are truly grounded on some level in reality!

Q: Does any one person really need 38 million dollars to live a good life in America?

I hope who ever is making that kind of dough is giving some of it away to good causes and helping the communities in which they are living.

DMGTH!

Remember, at its core, it's about the music. That's what
really matters most.

No need to be greedy!

http://www.clickcaster.com/channel/it...

http://www.myspace.com/ronwilesmusicshow

#2 Me, That's Who... says:

Sure, they deserve a cut of whatever albums they sell, but it reaches a point where we have to call "Bullshit!" when we see the salaries these pigs take in compared to the quality of music that is selling. People that listen to major label artists are being taken to the cleaners and are brainwashed into enjoying it.

It's like being force fed feces a little bit at a time, until one day you are completely accustomed to the taste of it...and for every bite, the person feeding you takes a little more money out of your pocket. Eventually, you begin to rationalize that if all of your money is gone, you must have had a damn good meal! Yummy!


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